Market Outlook 24/01/08

Next 2 day's are very important for the market as market is one the verge of recovering and as i said, nifty seems to have made its bottom at 4440 strong support.For today, above 5200, it will be again move towards 5320 and then 5350 a very strong resistance.Today also higher levels will see selling again.If nifty starts trading below 5200 it is might test 5140-5100 again on downside.So, intraday players are to be benifited more in this kind of volatility provided they trade with discipline.

Stock watch for the day:

Inox (132): Remain above 130, it is a buy and will be move towards 138-143 and below 130, no buying.

Intraday call performance 23/01/08

To Start with "Market Outlook"- "Market Watch Section"

Nifty recovered some points and moved up above 5100 and made a high of 5328 today.Even then we have tow atch tomorrow's market as trend is still not clear

Following calls were given in yahoo messenger for clients:

Told my clients not to initiate intraday today

Market Outlook 23/01/08

Markets are facing problems of their life and investors are worried a lot and never did investors feared and lost this huge money in stock market history.Nifty seems to have made its bottom at 4448 and further upmove will depend on this strong support and above 5100 only nifty will hold good.Till then volatility will be at its highest point.Many stock broking firms have already restricted intraday trades till further notice.So, investors are effecetd from all ends.But, the bottom line is indian economy is too good and one has got a beautiful opportunity to pick good stocks at lower price now.

Stock watch for the day:

Avoid intraday today

Intraday call performance 22/01/08

Allround panic started when nifty broke 4970 as i told you in my blog and it was another big fall in the market today.Now nifty should hold on to my support level told to my clients at 4440 or esle we might see another 300-400 points slide from 4440.Till nifty holds 4440, it is good and below 5000, market is week.

Stock watch for the day:

ITC: This stock was week below 198 as told and once it broke 198 came down crashing towards 169

Following calls were given in yahoo messenger for clients:

Today told all my clients to take rest and not to initiate any intraday trades as market was very volatile and was looking very dangerous.Sometimes not trading is also a wise dicision.More over there is no rule that we have to initiate trades daily and that too in this dangerous volatile market

Market Outlook 22/01/08

Traders are uncertain now after yesterday's fall and selling will still continue on any raise today as market is yet to recover from shocking, historic slide yesterday.Market will be very volatile today also.For coming day's, 4970 should act as strong support and if breaks then we might see another 300-400 points fall in nifty.For today, watch out for 5265 trend and if moves above that level it will move towards 5300 first and then 5340 level.Downside, below 5200 nifty will try to test 5100 level again.

Stock watch for the day:

ITC : Watch this stock and if this is above 198, buy this for target 208-212.Don't buy this below 198

Intraday call performance 21/01/08

To Start with "Market Outlook"- "Market Watch Section"
It was a historic scary fall and made many investors face heavy loss and intraday players again were the winners today as it was money minting day for them in this fall.NIfty made a record low of 4977 losing more than 700 points in intraday...! though at the closing bell nifty recovered around 200 points.Now, this 4977 will act as stop loss support for coming months of trading.Overall it was one severe fall and when it broke its strong support at 5460, fall was one sided.

Stock watch for the day:

GMR Infra: This was given a short call below 211 for target 198 and the stock amde a low of 150

Following calls were given in yahoo messenger for clients:

Today was great profit for all my clients as they all enjoyed the market crash

Short Air Deccan at 231 stop 233.2 and the stock made a low of 185

Sell SBI around 2345 stop 2360 and made 2340 and then hit the stop loss

Buy Inox at 172 stop 169....small stop loss and the stock hit the stop loss

Short RCom around 673 stop 680 and stock made a low of 590 and told to book profit

Short RCom again around 645 stop 652...small stop loss in this volatile market....remember and stock came down again to hit 585 and gave teh call to cover the position and finish off trading for the day

Market Outlook 21/01/08

NIfty crashed due to heavy selling by FIIs and volatility will continue for the time being and many investors are trapped in futures holding long positions and are worried a lot.For today, some pull back will be seen for sure and 5750 will be the trend to watch out for...if nifty is able to move above 5750, then it might target 5800 on the upper side and if nifty holds above 5800, it is good for the market and if nifty trades below 5700, then market will be in trouble again and lower supports are at 5660 and then 5625.

Stock watch for the day:

GMR Infra (203): Watch this stock for some time and if not able to cross 211, short it at high for lower target of 198